Sustainable Investing 10: Hiro Mizuno – Changing the Game (Capital Allocators, EP.148)

Capital Allocators – Inside the Institutional Investment Industry · Jul 9, 2020 · 1h

Hiro Mizuno is the recently departed Executive Managing Director and Chief Investment Officer of GPIF, Japan's $1.5 trillion Government Pension Investment Fund, which is the largest pool of institutional capital in the world. In taking the seat five years ago, Hiro sought to change how large asset owners go about investing capital.

Our conversation covers his differentiated thought process across drivers of return, the home country bias, implementation of investing, and structural alignment with active managers. We then talk about the Universal Ownership concept, stewardship of passively…